AKBL PROBABLY IN WAVE " B " or " C/3 " SHORTAKBL is most probably in wave C or 3 which has started or is still in wave B.
As per our preferred wave count AKBL is in wave C or 3 which has started to unfold and will take the price down towards 26 - 24 range. We are already active in this trade aggressively, however the cautious way to trade this setup is to wait for a break below 33.40.
Alternately, there is a possibility that we are still in wave B which can unfold with sideward movement or a break above 44.99.
This setup will get invalidated once price break above 42.72.
Trade setup:
Entry price: 38.01
Stop loss: 42.72
Targets:
T1: 26 - 25.80 range
T2: 24.30 - 22.90 range
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
